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What People Don’t Tell You About Franchising!

August 24, 2017 11:00 pm Published by

When friends and family find out that you are thinking of purchasing a franchise, are they happy for you? Worried? Perhaps they are business owners themselves and have been in your situation before, maybe they offer their own advice? We’ve compiled a list of the things people should tell you but often don’t about franchising (and starting your own business).   Running your own business is going to be tough! Ok… maybe they have mentioned this before! What they probably don’t tell you is that at some point you will become the sales director, marketing executive, accountant, buyer, delivery driver and perhaps many other roles in your own company or franchise. The demands on you as a business owner are... View Article

Interview a franchisor

What To Ask A Franchisor

August 24, 2017 4:56 pm Published by

You’ve done your research, looked at the financial reports and narrowed down your options to just a few franchises, which you feel passionately about and believe would be a good fit! How do you choose just one? Ken Waterhouse, founder and managing director of Home Care Preferred shares the important questions you should be asking your chosen franchise before making a commitment. How much will the investment be for the franchise? Ken explains that normally this information is supplied quite early on in the decision-making process, but it’s important to weigh up the pros and cons. Of course, you should also make sure you’re able to deliver the required investment before continuing conversations with the franchisor. How do you choose... View Article

Success, Business

5 Habits of Successful Business People

August 18, 2017 12:36 pm Published by

Successful business people are not born successful! Behind every successful entrepreneur, business man or woman you admire there is hard work, dedication and a lot of motivation. Here are the five key habits that successful business people share: They Dedicate Time To Learning- successful people are not given the knowledge they need from the onset. They (like most people) have to figure it out along the way. They dedicate time each month or year to take their learning to the next level. Incorporate learning into your personal goals. Perhaps take up a course after work or during some downtime to expand your own knowledge on a subject, which will help you in your business. Wake Up Early- successful people are... View Article

Leadership, Team Leader

Be The Right Person For The Job

August 15, 2017 3:17 pm Published by

Have you ever sat in an interview or a meeting and realized that the people in the same room don’t share your core values? At Home Care Preferred, we’re selective about whom we bring on board to take on a franchise. Our focus is on personal characteristics rather than experience in the industry. Running your own care business can be challenging but with the right attitude and character, we think the right person can make it a huge success. What do we look for? Amongst drive, ambition, professionalism and commitment to great quality and service, one of the most important attributes we look for is honesty and integrity and a passion for the care sector. As a leader and business... View Article

Writing notes

What To Consider: Choosing A Franchise

August 15, 2017 3:15 pm Published by

You might already have chosen your franchise, or perhaps you’re just starting off on this journey, whatever stage you’re at this decision should not be made on a whim and you should carefully consider all of your options before making any big decisions. First and foremost, start by crafting a list to include the following; –      What are your interests? Think about the things you love, the things you’re passionate about! A franchise will become your business; use this opportunity to chose something you want to do for yourself and your future. –      Think about your budget! How much do you have and want to invest in the franchise? Include start-up costs in your budgeting so you’re well prepared for conversations with... View Article

small_business_survival_rates_fundivo

6 Steps to Surviving 3 Years

August 15, 2017 11:17 am Published by

Ray Zinn is a guest writer for Entrepreneur and he is also the longest serving CEO in Silicon Valley and author of Tough Things First. In a recent article written by him for the Entrepreneur he shares some tips for surviving the initial 3 years in a business, below are some excerpts from the article. The odds of your startup being around three years from now are not good. Statistics show that about nine of every 10 new businesses fail that quickly. Often, it isn’t from a lack of hard work or a great idea. The real downfall is a lack of discipline where it counts. Too often the basics — knowing your market, having enough cash, establishing a healthy corporate culture —... View Article